November 20, 2012 12:54
Israel is seeking to sell a high-tech missile intercept system dubbed "Iron Dome" to Korea, Israeli business daily Globes reported on Sunday.
Israel's Defense Ministry is in talks to buy four patrol boats from Daewoo Shipbuilding and Marine Engineering for around W430 billion (US$1=W1,087) and plans to demand reciprocal procurements from Korea.
The intercept system could be used as a defense against North Korean artillery attacks like the 2010 shelling of Yeonpyong Island. Globes reported that the Korean government was "bitterly disappointed" when Korea Aerospace Industries lost a bid early this year to sell T-50 trainer jets to Israel, which instead chose a model from Italy's Alenia Aermacchi.
It predicted Korea will accept the Israeli offer since Seoul had been interested in reciprocal procurements in the bidding for the trainer jets.
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